The current setup for a lot of investors is:

Asicminer -> TAT (centralized, requires trust) -> Havelock (centralized, requires trust) -> Investor


With Counterparty the setup would look like this:

Asicminer -> Counterparty (de-centralized, trustless, open-source) -> Investor


TAT really does sound like he's afraid Asicminer will list on a decentralized exchange like Counterparty and eliminate the middle-men (TAT, Havelock)



Why not just embrace the newer, better system?  Centralized exchanges have been a massive problem for Crypto securities.